In a significant development reflecting the strengthening ties between Pakistan and China, Prime Minister Shehbaz Sharif has approved the relocation of Chinese industries to Pakistan as part of joint ventures between companies from both nations. This decision marks a strategic effort to bolster Pakistan’s economy through enhanced foreign investment and industrial collaboration. The move is set to pave the way for increased economic activity, job creation, and technological transfer, positioning Pakistan as an attractive destination for global investors.

Chairing a meeting to discuss matters related to the Board of Investment (BoI), Prime Minister Sharif emphasized that promoting both local and foreign investment is a top priority for his government. He underscored the importance of creating a business-friendly environment to attract traders and investors. This initiative is seen as a step towards realizing the government’s commitment to fostering economic growth and stability.

The prime minister directed relevant authorities to submit a comprehensive report on the follow-up of memorandums of understanding (MoUs) signed between Pakistani and Chinese companies in Shenzhen during his recent visit to China. This directive highlights the government’s proactive approach in ensuring that agreements translate into tangible economic benefits.

In light of developments from his visit to China, Prime Minister Sharif called for a review of the draft law for the Special Economic Zones One-Stop Shop. The aim is to streamline processes and make it easier for businesses to operate within these zones. Special Economic Zones (SEZs) are critical in........

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